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UK taxation changes ~ how it benefits patent holders from 2013

Patent Box is a special tax regime for intellectual property revenues and enables companies to apply for a lower rate of Corporation Tax to profits earned after 1 April 2013. This guide helps to explain what can be patented, why patent your products, and what the process is. We highlight some key considerations and differences of Patent Box compared to the traditional route of patent protection.

Patent Box was introduced by the Government in 2015 in response to high-tech company departures in the UK. The taxation benefit is to encourage high-value growth by supporting UK R&D from conception to commercialisation. The Patent Box allows just a 10% tax rate on profits, but you can only benefit from the Patent box if your company is liable to Corporation Tax and makes a profit from exploiting patented inventions.

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